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Obama wants to sell Tennessee Valley Authority

'It's 1 more bad idea in a budget full of bad ideas'

Published: 04/16/2013 at 11:24 PM

(FOX NEWS) — In a political role reversal, Republicans are blasting President Obama’s plan to consider selling the Tennessee Valley Authority, an icon of the New Deal long targeted by conservatives as an example of government overreach.

Obama’s 2014 budget proposal calls for a strategic review of the TVA, the nation’s largest public utility with 9 million customers in seven states from Virginia to Mississippi.

Selling the U.S.-owned power company could reduce the federal deficit by at least $25 billion and “help put the nation on a sustainable fiscal path,” Obama says in a budget document.